KARACHI – The Pakistan Stock Exchange (PSX) continued to experience profit-taking on Wednesday, as the benchmark KSE-100 index closed at 40,544 points, marking a decline of 52 points from the previous day’s closing of 40,596.
(more…)Author: Mrs. Anjum Shahnawaz
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Rupee weakens by two paisas against US dollar
KARACHI – The Pakistani Rupee experienced a marginal decline of two paisas against the US dollar on Wednesday, closing at Rs138.94 in the interbank foreign exchange market.
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Pakistan sees record investment on Saudi Crown Prince visit
Islamabad – Anticipation is running high in Pakistan as the country eagerly awaits the visit of Saudi Crown Prince, Mohammed bin Salman, scheduled for February 16, 2019.
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FBR withdraws additional customs duty on raw materials
Islamabad – The Federal Board of Revenue (FBR) has withdrawn additional customs duty on various imported raw materials.
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ECC approves Rs5.6 bn for grounded PIA planes
ISLAMABAD: The Economic Coordination Committee of (ECC) the Cabinet on Tuesday approved additional guarantees to Pakistan International Airlines Company Limited (PIACL) of Rs 5.6 billion for repair and maintenance of engines and acquisition of related spare parts for operationalizing grounded planes.
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Registration of companies crosses 95,000: SECP
ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has said that total registration of corporate registration has crossed over 95,000 units following 1,317 new registrations in January 2019.
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Income Tax Ordinance 2001: requirement of filing annual return
KARACHI: Federal Board of Revenue (FBR) has explained requirement of filing income tax returns by persons and corporate entities.
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FBR withdraws penalty on seven customs officials
In a significant development, the Federal Board of Revenue (FBR) has withdrawn penalties imposed on seven customs officials, in compliance with judgments from the Federal Service Tribunal (FST) and the Supreme Court of Pakistan.
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Banking deposits decline to Rs13.057 trillion by January 2019
The deposits in Pakistan’s banking system witnessed a decline of 2.22 percent, totaling Rs13.057 trillion by the end of January 2019, as compared to Rs13.35 trillion recorded on December 31, 2018.
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Shah Muhammad posted as Member Admin
The Federal Board of Revenue (FBR) has undergone a strategic administrative reshuffle with the appointment of Shah Muhammad, a distinguished officer of the Inland Revenue Service (IRS) BS-21, as the new Member Administration at FBR Headquarters.
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